Room: 
Room 2.29, Law & Politics Building
Time Slot: 
Monday 26th March 16:15 - 17:45
Panel Chair: 
  • Dr Scott James (King's College London)
Panel Members: 
  • Dr Jonathan Perraton (University of Sheffield)
  • Dr Nicole Lindstrom (University of York)
  • Dr Charlie Dannreuther (University of Leeds)

This is the second of two panels on the political economy of Brexit convened by Scott James. It is organised around the claim that the UK economy is underpinned by a distinctive ‘national business model’. The UK’s national business model comprises of four core elements. 1) an open and lightly regulated international financial services centre concentrated within the City of London, 2) a flexible labour market regime consisting of limited employment protections, high levels of atypical employment and restrained levels of real wage growth, 3) openness to FDI flows, extensive capital markets and lending bias towards property over productive investment, and 4) the growth of low-skill, low-wage and low productivity service industries. The panel begins from the premise that the UK’s membership of, and mode of integration into, the EU has over the past three decades acted as a crucial political and institutional support to the UK’s national business model. The panels will examine the extent to which Brexit challenges, reinforces or offers the opportunity to transform this model. As such, the individual papers will address the two following questions: 1) How has the UK’s membership of the EU supported the UK’s national business model in the past? 2) To what extent might Brexit undermine or consolidate the UK’s national business model. Together, the two panels will bring together papers from leading political economists to examine the political economy of Brexit, and have been convened as part of a forthcoming symposium on ‘The UK’s National Business Model and the Political Economy of Brexit’ to be published by New Political Economy. This panel focuses on the area of the labour market and investment policy, and the first focuses on financial services and trade policy.